£310,270
This estimated value is based upon the latest sale price for the house of £251,000 on 24 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £251,000 | 24 May 2019 |
| £107,000 | 20 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £251,000 results in an estimated price of approximately £310,270.
| 24 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £251,000 | £59,270 | £310,270 |
The Postcode Pricing Model uses changes in average sales price within the NE2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 31.117 % | £78,103 | £329,103 |
| 3 Month Average | 4.360 % | £10,943 | £261,943 |
| 6 Month Average | 2.665 % | £6,689 | £257,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £559,795 | £550,000 | 24 WELLBURN PARK |
| 21 Aug 2023 | £222,698 | £220,750 | 63 SHORTRIDGE TERRACE |
| 21 Aug 2023 | £222,698 | £220,750 | 65 SHORTRIDGE TERRACE |
| 28 Jul 2023 | £390,252 | £385,000 | 44 SHORTRIDGE TERRACE |
| 25 Jul 2023 | £390,252 | £385,000 | 42 SHORTRIDGE TERRACE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 10 Mar 2020. Using an estimated price of £310,271 means this house is valued at £3,041 per sq meter (£282 per sq foot).
The average size of a house on SHORTRIDGE TERRACE is 90 sq meters (974 sq feet).